Driven, an EV leasing platform focused on heavy commercial fleets, has signed a Memorandum of Understanding (MoU) with Energy in Motion (EIM), an associate venture of Ravindra Energy Limited (REL), and a leading OEM of heavy-duty electric trucks with battery-swapping technology. The partnership aims to accelerate the deployment of electric heavy-duty trucks across India.
Under the agreement, both companies plan to deploy approximately 1,000 electric trucks over the next two years, leveraging Driven’s growing customer network. This collaboration is expected to support fleet electrification while addressing operational efficiency through advanced battery-swapping solutions.
This initiative reflects the shared commitment of both companies to promote sustainable logistics and reduce emissions in India’s commercial vehicle sector, especially in high-usage heavy-duty applications.
The collaboration will combine EIM’s vehicle and energy capabilities with Driven’s leasing, financing and operating models, with a focus on improving access and reducing entry barriers for fleet operators. This includes vehicle supply, financing structure, deployment planning, lifecycle management and energy support.
As part of the agreement, the companies will jointly identify deployment opportunities, align vehicle specifications, manage delivery timelines and provide after-sales support including maintenance and access to charging and battery-swapping solutions.
Commenting on the partnership, Manav Bansal, CEO and Co-Founder, Driven, said, “The expansion of electric trucks in India will depend on how well they perform as a commercial solution for fleet operators. While the intention to adopt is already there, the transformation will be driven by clear economics, consistent performance and reliable operations. This partnership with Energy in Motion brings together complementary strengths in vehicles, energy infrastructure and financing, allowing us to provide our customers with a more complete “And we believe this will help fleet operators move to electric with greater confidence and at a more meaningful scale.”
Alpana Jain, co-founder and chief business officer of Driven, said, “For most fleet operators, the transition to electric is still a business decision. It depends on how simple the process is, how predictable the costs are and how reliable the overall ecosystem seems. Through this collaboration, we are aligning vehicle supply, financing structures and lifecycle support in a way that minimizes complexity for the end user. Our focus is to make the transition easier to evaluate and implement, “Particularly for operators managing large and diverse fleets.”
Commenting on the announcement, Narendra M. Murkumbi, Managing Director and CEO of Energy in Motion Pvt Ltd, said, “This MoU is further validation of EIM’s vision to solve the entire EV challenge in heavy commercial vehicles and by selling vehicles without battery packs and offering charging service with swappable batteries.”
The partnership builds on Driven’s recent US$80 million commitment from Nomura and its ongoing MOU in the electric mobility ecosystem, supporting coordinated deployment across vehicles, energy and fleet operations.
